SISCO’s Tusdeer completes third phase of warehouse village

Further to SISCO’s announcement on Tadawul (April 19, 2011) on the signing of contract to establish the third warehouse village, the company announces that Saudi Trade and Export Development Company (Tusdeer), whose SAR 190 million capital is 76% owned by SISCO, completed (on May 16, 2012) the third phase of the Warehouse Village at the Re-export Zone of Jeddah Islamic Port.

The Village comprises 15 warehouses, with 18,330 m² storage area each. All units were delivered to clients, which shall have positive effect on Tusdeer’s and SISCO’s revenue as of this quarter.